Elnura

Elnura is 27 years old, married, and has two children. She is classified as an Internally Displaced Person (IDP). She breeds cattle for meat purposes. She also has two milking cows. Her profits consist of sales of cattle as well as fresh yogurt and milk. Her husband is on a pension and helps her to run the business.

Elnura usually buys small calves, raises and fattens them for 5-6 months, and then resells them at a profit from her house. Meat is in very high demand in Azerbaijan and people use it in everyday dishes like pilau and dolma. She earns 90 AZN a month; this business is only one source of income in her family. Elnura has applied for a loan of 1650 AZN to buy two head of cattle, one milking cow, and fodder. She is a trustworthy client of AqroInvest and has already successfully completed two loan cycles.

Additional Information

More information about this loan

This loan is designed for clients residing in settlements for Internally Displaced Persons (IDPs) in Bilasuvar, Azerbaijan. An internally displaced person (IDP) is someone who has been forced to flee his or her home due to armed conflict, violence, human rights violations, or natural or manmade disasters, but who, unlike a refugee, has not crossed an international border (source: UN Office for the Coordination of Humanitarian Affairs). Many of these people have failed to qualify for loans through formal channels due to low income and lack of collateral. By funding this loan, you are creating opportunities and supporting economic development in extremely underserved communities.

About Aqroinvest:

Aqroinvest Credit Union was founded in 2001 by a group of 32 farmers from Imishli. It has since grown to become the largest credit union in Azerbaijan, owned by its more than 5,400 borrowers and boasting a portfolio of nearly US$12 million.
AqroInvest is focused on providing loans to the following groups of people: rural farmers, people living in distant southern villages with little or no access to finance and internally displaced people and refugees, many of whom lost their homes and livelihoods during the violent conflicts in the 1990s.

In May 2011, Aqroinvest started a new project with Kiva proving higher education loans to students. The project gives students the support and financing they need to continue their education and helps pay for tuition fees at various universities in Azerbaijan. Aqroinvest is the first credit union in the country to offer students loans.